GE Capital
Company and Financial Services Company
GE Money, Sales Finance Plays Key Role in American Renewal...extended more than $146 billion of credit to some 50 million consumers in the U.S. since January 2008. Visit GE Capital: Advertising to learn more about GE Capital's role in the American renewal. GE Money provides credit card programs and... In this article: GE, GE Capital, United States, 1-800-mattress, Bassett Furniture, Michigan, Puerto Rico, and Web-based |
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WSJ.com: Markets | 3 days ago
GE Draws a Herd of Bulls
...or 0.6%, to $16.12. Shares of GE have traveled a rocky path in recent months, due largely to concerns surrounding the health of GE Capital, its financial arm. After closing above $40 in October 2007, the shares suffered a decline in...
In this article: General Electric, Bank of America, Vivendi, New York Stock Exchange, J.P. Morgan Chase, Joint venture, and Derivative
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The Seattle Times | 3 days ago
GE Capital appoints new CEO for Asia
Originally published Tuesday, November 24, 2009 at 10:50 AM GE Capital appoints new CEO for Asia GE Capital, the financial business of General Electric Co., announced Tuesday the appointment of a new president and CEO of GE Capital's...
In this article: GE, Asia, Business operations, Australia, and New Zealand
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The Australian | 3 days ago
Great Southern ducks line up
...Pacific to play with. That doesn't quite double his $30 billion empire, since Australia and New Zealand make up the biggest part of GE Capital's Asia Pacific balance sheet, but at least gives him 11 countries. He's taking over from John...
In this article: James Hardie, Strathfield, and Gunns
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Connecticut Post | 4 days ago
GE Cap suit spurs Popeyes' franchisee Chapter 11
...that own multiple Popeyes Louisiana Kitchen restaurants in Hampton Roads, Va., have filed for bankruptcy, three days after Norwalk-based GE Capital and another lender sued them for defaulting on $5.07 million in loans. Twelve entities...
In this article: Bankruptcy, Virginia Beach, Virginia, U.S. Bankruptcy Court, and Defendant
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AP Online | 7 days ago
GE, Vivendi talks over NBC Universal stretch on
...to unload NBC Universal, a unit that doesn't fit in well with its other businesses. The cash would help prop up its financing unit, GE Capital, which posted big losses from real estate and other industries during the financial meltdown.
In this article: Vivendi SA, GE, NBC Universal, Comcast, Universal Pictures, Philadelphia, Joint venture, Bravo, and CNBC
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WSJ.com: Markets | November 19, 2009
GE Capital Enters Sukuk Market
Sukuks are backed by physical assets from which returns are derived and shared with investors. In announcing the deal, GE Capital said it was "the first U.S. corporate issuer of an Islamic bond," but that appears not to be the case.
In this article: Islam, GE, Issuer, World Bank, U.S., Middle East, and All rights reserved
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Reuters | November 19, 2009
GE unit nears Islamic bond sale - bankers
...high-rated emerging market debt has seen a flurry of conventional and Islamic bond issues in the third quarter of the year. Bankers say GE Capital, the financial services arm of General Electric, aims to diversify its investor base to...
In this article: General Electric, U.S., Leasing, Joint venture, Credit crunch, Standard & Poor's, Goldman Sachs, and Citi
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WSJ.com: Markets | November 18, 2009
CPI Data Send Treasurys Lower
...conventional bond. Bankers say this is the first U.S. corporate to launch an Islamic bond. The planned issue by GE Capital compliments the company's footprint in the oil-rich Gulf region. GE and Abu Dhabi-based Mubadala Development Co. last...
In this article: Inflation, Treasury Department, General Electric Co., Deflation, The Fed, Economics, Joint venture, and Recession
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Reuters | November 10, 2009
New Issue-GE Capital Corp sells $1.5 bln in notes
Nov 10 (Reuters) - General Electric Capital Corp, a unit of General Electric Co <GE.N>, on Tuesday sold $1.5 billion of five-year notes, said IFR, a Thomson Reuters service. Bank of America, Citigroup, Goldman Sachs, JPMorgan, and Morgan...
In this article: General Electric Co, GE Capital Corp, Thomson Reuters, S&P, Moody's, Morgan Stanley, Goldman Sachs, Jpmorgan, Bank of America, and Citigroup
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Reuters | October 28, 2009
EURO BONDS-Carige, WestLB, LUKOIL, William Hill, GE Capital
Rating: Moody's Ba1, S&P BB+ GENERAL ELECTRIC CAPITAL UK FUNDING <GEA.N> Issue: plans 500 million pound 11-year bond, guaranteed by GE Capital Corp, as reported by IFR. Guidance: Gilts plus 215 basis points, refined from plus 215-220
In this article: WestLB, S&P, Moody's, Barclays, Lukoil, GE Capital Corp, Deutsche Bank, Royal Bank of Scotland, and UBS
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More on GE Capital
Description from Wikipedia:
GE Capital is one of four major units of General Electric, On 27 July, 2008, General Electric announced that GE Capital is once again a single unit of GE.
GE Capital is comprised of five sub-units: GE Aviation Financial Services, GE Commercial Finance, GE Energy Financial Services, GE Money (merged with GE Consumer Finance), and GE Treasury.
At one time, GE Capital was the financial services unit of General Electric and was headed by a single person. The unit, later split into four divisions, and was responsible for a large portion of GE revenue. Each of the businesses that was a part of GE Capital were run independently and rolled up only to the Chairman of GE, Jeff Immelt. Other businesses formerly considered to be a part of GE Capital, such as Healthcare Finance, Railcar Finance, etc. were incorporated into the corresponding Industrial Businesses as support functions.
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